Removal from the Sainsbury's Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Sainsbury's Bank conveyancing panel requirements
- Sainsbury's Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Your law firm no longer meets the criteria to remain on the Sainsbury's Bank conveyancing panel
- Failure to act in accordance with the Sainsbury's Bank panel terms, the written instructions that Sainsbury's Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Sainsbury's Bank may subsequently subscribe.
- Significant non-compliance with post completion requirements on behalf of Sainsbury's Bank
Questions Sainsbury's Bank panel reinstatement firms ask us
- Can we appeal if our application for reinstatement is declined?
- Can we act for Sainsbury's Bank while the appeal for reinstatement on the Sainsbury's Bank panel is being reviewed? How do I discover if our reinstatement application to the Sainsbury's Bank panel is approved?
- Do any avenues remain open if my firm’s reinstatement panel submission with Sainsbury's Bank is turned down?
- Am I restricted as to the amount of times my law firm can apply to get back on the Sainsbury's Bank conveyancing panel?
- Please can you set out the application process to revert back onto the Sainsbury's Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Sainsbury's Bank panel reinstatement is to ensure that your firm is not removed off of the Sainsbury's Bank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Sainsbury's Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Sainsbury's Bank directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Sainsbury's Bank conveyancing panel.